The rise in rental prices in the Canary Islands is causing the desire to acquire a home in the archipelago to become widespread again. Almost seven out of ten Canarians (69%) active in the housing market believe that the current rental price makes it more worthwhile to pay a mortgage than to look for a property as tenants.
These are some of the main conclusions drawn from the report "Overview of the housing market in the Canary Islands in the first half of 2025", prepared by Fotocasa Research, which examines the behavior of housing supply and demand in the Canary Islands during the first six months of the year.
Another opinion that generates majority support is that current mortgage conditions make it difficult to buy a home: 68% of Canarians active in the real estate market agree with this statement.
"Property is once again gaining prominence as a symbol of future security, an investment tool, wealth creation, and a family legacy. In the current context, if we analyze the data, buying a home is, in many cases, more economical than renting it.
For example, for a home valued at 400,000 euros, the monthly mortgage payment can be around 1,300 euros, while the rent for that same property is around 1,800 euros per month. Therefore, in a context of difficult access, the average citizen considers that having a home today is something like having a treasure. And following this trend, it is likely that in the coming years the social gap will widen depending on access to housing, clearly differentiating between families who have managed to become owners and those who have not," explains María Matos, Director of Studies and spokesperson for Fotocasa.
Almost half foresee a new real estate bubble
Thirdly, another opinion that generates notable consensus among Canarians active in the real estate market is that, currently, buying a home is a good investment. Specifically, 67% of respondents share this view.
Similarly, 65% of Canarians participating in the housing market state that the feeling of ownership is deeply rooted in the mentality of Spaniards.
On the other hand, there are other opinions that, while being relatively majority, generate less consensus. For example, 39% of Canarians active in the housing market say that the current trend is to rent more and buy less, while 45% of respondents remain neutral on this issue and 17% are against it.
Similarly, 49% of people active in the housing market in the Canary Islands believe that we are close to a new real estate bubble, something that 13% of respondents reject and that leaves the remaining 38% undecided.
Finally, the least shared opinion is that current regulations controlling housing rental prices will favor the balance between supply and demand: only 24% of respondents defend this option, while 31% oppose this and 45% remain neutral.
